MassRoots Secures $1.2 Million Equity Financing

MassRoots, Inc. (OTCQB:MSRT), one of the leading technology and compliance platforms for the cannabis industry, announced early in July that it had closed a $1.2 million private placement of common stock and warrants.

MassRoots, Inc,. is a leading technology platform for the regulated cannabis industry. The company’s mobile app, which is used by more than one million registered users, seeks to empower consumers to make educated cannabis purchasing decisions based on community-driven reviews. With a significant market share of medical cannabis patients in certain markets, more than 25,000 shareholders, equity financings and warrant exercises of more than $17 million since inception, the company believes it is uniquely positioned to best serve the needs of the cannabis industry.